Caledonia Mining continues to produce gold in Zimbabwe, while lockdown exemption application is processed
Caledonia has built up a strong inventory of spares to sustain it during the coronavirus uncertainty
Company
Caledonia Mining Corporation PLC
LON:CMCL
Caledonia Mining Corporation Plc is a Zimbabwean focused exploration, development and mining corporation. The company owns a 64% stake in the gold-producing Blanket Mine, 100% stakes in the Bilboes Sulphide Project and the Motapa and Maligreen gold mining claims, all situated in Zimbabwe. After increasing the production at Blanket to 80,000oz in 2022, its main focus areas are to maintain production at around 75-80,000oz at Blanket, progress the Bilboes project and become a multi-asset gold producer in Zimbabwe.
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Caledonia expects no interruption to gold production currently, has US$12mln cash in hand
Caledonia has a strong track record of production in Zimbabwe
Caledonia Mining “delighted” with strong performance as Q4 sees record production
"I am delighted by Blanket Mine's strong performance which resulted in a record level of production in the [fourth] quarter,” said Steve Curtis, Calendonia's chief executive
Caledonia Mining shares hit a five year high, but with a 40% boost to production due next year there could be more to come
Caledonia Mining has a well-established track record of dividend payments
Caledonia Mining says 2019 earnings to be substantially higher than market expectations
The gold producer said the outperformance was due to the combined effects of the continued strength of the gold price, higher than expected production for 2019 and lower than expected operating costs
Caledonia Mining boosts stake in Blanket mine to 64%
The original MOU was signed in November 2018 with the price US$16.7mln
Caledonia delivers record quarterly gold production from the Blanket mine in Zimbabwe
Caledonia's expansion programme at the Blanket mine is now well advanced
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Caledonia Mining lifts dividend as gold mine delivers improved financial performance
Better grades, higher output and elevated gold prices are all factors in Caledonia's improved financial performance.
Caledonia Mining production rises as grades pick up
Output rose in the second six weeks as Caledonia used generators it has installed at the gold mine to keep operations running.
Caledonia Mining adds additional back-up power at Blanket mine
In addition to an extra 6Mw of diesel capacity now being installed, a solar power option is being considered.
Caledonia Mining Corporation production report confirms its on-track to acheive targets
"Production in the third quarter of 2019 was slightly below our target but showed steady growth in production on the previous two quarters,” said chief executive Steve Curtis.
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Caledonia Mining expects better recoveries and lower costs from new plant at Blanket
"The new oxygen plant will provide up to six tonnes of improved oxygen supply to the Blanket Carbon-in-Leach plant which is expected to increase recoveries to approximately 94 per cent."
Caledonia Mining boosts gold production, benefits from foreign exchange gain
Caledonia has signed a new power supply agreement which appears to have reduced the incidence of load-shedding
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Caledonia Mining completes shaft sinking at Blanket mine
"We now commence the equipping phase, which will take approximately 12 months, after which we can commence the production ramp-up towards our target of 80,000 ounces of gold in 2022."
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